Taking everything into account, IGF scores 4 out of 10 in our technical rating. In the last year, IGF was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, IGF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 61.72, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IGF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
52.50
4 important support areas can be observed.
- A support zone ranging from 60.35 to 61.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.70 to 59.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @56.76 from a trend line in the weekly time frame.
- Support @53.03 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.07 to 63.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IGF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IGF is neutral. |
| ChartMill Relative Strength | 68.53 | NEUTRAL | IGF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IGF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IGF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IGF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.9 | NEUTRAL | The RSI value for IGF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests IGF has a positive trend. |
| Stochastics (14,3) | 63.51 | NEUTRAL | The Stochastics value for IGF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.8 | LOW VOLATILITY | The low ATR as a percentage value for IGF suggests low volalility. |
| Average Directional Index/ADX (14) | 13.9 | NEGATIVE | The low ADX value for IGF suggests a weak or negative trend. |
61.72
-0.11 (-0.18%)
ISHARES GLOBAL INFRASTRUCTUR / IGF FAQ
Can you provide the ChartMill technical rating for ISHARES GLOBAL INFRASTRUCTUR?
ChartMill assigns a technical rating of 4 / 10 to IGF.
What is the trend direction for IGF stock?
The current trend direction for ISHARES GLOBAL INFRASTRUCTUR (IGF) is Bullish.
Can you provide the RSI signal for ISHARES GLOBAL INFRASTRUCTUR?
ISHARES GLOBAL INFRASTRUCTUR (IGF) has an RSI value of 50.9016. This indicates that the stock is currently neutral.
What is the short term momentum for ISHARES GLOBAL INFRASTRUCTUR (IGF) stock?
The short term momentum for ISHARES GLOBAL INFRASTRUCTUR (IGF) is neutral.
Can you provide the support and resistance levels for ISHARES GLOBAL INFRASTRUCTUR?
ISHARES GLOBAL INFRASTRUCTUR (IGF) has a support level at 61.72 and a resistance level at 63.07. Check the full technical report for our detailed analysis of IGF support and resistance levels.